Journal of International Economics and Management

1-22

Authors: Tang Van Nghia, Cao Thi Hong Vinh, Nguyen Duy Hung, Paul Schrader

Despite significant contributions of foreign direct investment to the economies of the host countries, the market-stealing effect on the domestic enterprises could appear as international capital ow rises. Market-stealing effect could be negative to the domestic firms, including the state-owned enterprises (SOEs). For Vietnam, both foreign invested firms and SOEs are of interest to the government. The question of whether the market-stealing effect on SOEs appears as foreign direct investment increases needs to be answered. This study provides insights into the market-stealing effect from the market share and labor productivity perspectives using the random effects models with the panel data of more than 4,000 observations of SOEs in Vietnam. The market-stealing effect on SOEs in Vietnam is not found in either market share or labor productivity perspective in this analysis. From the aspect of market share, this effect is revealed in two important industries, which are agriculture, forestry and fishing (Industry A) and manufacturing (Industry C). In addition, the market-stealing effect is higher for the SOEs with 100% of state capital. From the labor productivity perspective in this analysis, this effect does not exist.

42 - 62

Authors: Vinh Hoang Le, Anh Hoang Nguyen, Thuy Minh Thi Le, Vien Bich Cao

This paper aims to empirically examine the factors affecting the capital adequacy ratio by using the data collected from the audited financial statements of 24 joint-stock commercial banks in Vietnam over the period from 2009 to 2019 and the generalized least squares (GLS) estimation method. The results show that financial leverage, deposits from clients, loans to customers, liquidity, and profitability negatively affect the capital adequacy ratio. In addition, the paper also recognizes that the difference between the actual capital adequacy ratio and the prescribed minimum ones can be explained by the negative influence of bank size, financial leverage, loans to customers, liquidity, and profitability. The study provides empirical evidence and useful information for bank managers to make rational decisions in maintaining and adjusting their level of capital adequacy.

78 - 99

Authors: Nguyen Thu Giang, Duong Thi Hoai Nhung

The purpose of this paper is to identify and analyze factors that affect the career choices of fresh graduates majoring in business and economics. The proposed model of the study consists of four independent variables, which are family factors, personal interests, financial benefits, and peer influences. The results from the exploratory factors analysis and multiple regression analysis with data collected from 198 fresh graduates show that family factors have no relationship with career choices. Personal interests have the strongest influence on career choices, which are followed by financial benefits. Peer influences show a negative relationship with career choices. Based on these results, recommendations are proposed for fresh graduates, parents, academic institutions and educators, and businesses.